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Adelaida
Adelaida, 53 years of age, is married to a utility man, and they are blessed with three children. She has owned and operated a retail store in their village for almost 13 years and earns a net income of 400 PHP per day. Her profits were spent on the school allowances of her three grandchildren and some of their personal necessities. Due to insufficient funds, she would like to avail a loan amounting to 25,000 PHP to purchase beverages, biscuits, chips, canned goods, and noodles to sell. She's hoping that her requested loan will be granted so that she can be able to expand her business and increase her stocks so she could generate more income.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1496
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Adelaida to purchase beverages, biscuits, chips, canned goods, and noodles to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014